Website Review : SCAM or LEGIT?

Cudominer.com Review SCAM or Legit?

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Cudominer.com Review SCAM or Legit?

Summary

User management: Web-based
Company transparency/support: Legit
Payment options: Bitcoin
Reward type/share/pool: Own pool possible
Cost electric power per TH/day (btc): N/A
Contract price per Th/year (btc): No cost but based on fee on mining done past 30 days
Earning return: N/A

Sending
User Review
2.67 (3 votes)

Status: PAYING

pros

  • Company has got reputed press coverage
  • 5000 satoshi signup bonus
  • Lifelong Affiliate Program Offer (1st Sale: 10% & From 2nd sale: 5%)
  • Low minimum withdrawal limit (0.002 BTC)
  • Commission based Fees (no payment needed to start)

cons

  • No mining rigs (It’s just a software)
  • Doesn’t provide fees upfront for coins other than Bitcoin

Company:

Cudo Mining is a cloud mining software provider that is owned by Cudo Ventures. Their company number is 11065412. They also claim to be a carbon-neutral company. Matt Hawkings is their founder & current CEO. 

Address: Kemp House, 160, City Road, London, EC1V 2NX, United Kingdom 

Their website States that Cudo was launched by a team that consists of proficient crypto miners, techies, and eminent entrepreneurs. The Cudo team believes in doing good for society through technology. They strongly believe that cryptocurrency and blockchain technology has an amazing potential to bring lots of value to the Society. 

Product:

Cudo Miner has an attractive website and has pretty good functionality overall. However, I would have preferred more information about their mining plans than what’s provided currently. They should have added a standalone page with all information about their mining software and should have also included a mining calculator. I would rate them ⅗ for their website. 

Cudo Miner is a mining software. They claim to have over 100K users who are earning crypto coins through the Cudo’s crypto mining software. Their software can be used by the mining farms, ASIC miners, rig miners, icafes, PC/Laptop miners, and gamers. 

The software provides an auto switch option to ensure maximum profitability for the crypto miners. It comes with a remote web-based management console which makes it easy to track the mining process. 

Cudo miner currently supports mining of Beam, Bitcoin Gold, Ethereum, Ethereum Classic, Grin, Monero, Vertcoin, Ravencoin, and Zcoin. However, the payouts are only available in four types of coins and these are Bitcoin, Ravencoin, Ethereum, and Monero. 

Commission based Fees

They do not have contract-based pricing options. Instead, different fees are applied based on the amount of cryptocurrency mined in the last 30 days*

Payments can be done in either Bitcoin or Altcoin managed by you, with a minimum cash out on only 0.0002 BTC.

% fees for cryptocurrency mined:

  • 1.5%  – Diamond (for greater than or equal to 10 BTC)
  • 2%     – Iridium (for greater than or equal to 1 BTC)
  • 2.5%  – Palladium (for greater than or equal to 0.1 BTC)
  • 3%      – Platinum  (for greater than or equal to 0.05 BTC)
  • 4%      – Gold (for greater than or equal to 0.01 BTC)
  • 5%      – Silver (for greater than or equal to 0.005 BTC)
  • 6.5%   – Bronze  (for less than 0.005 BTC)

Fully Automated Cudo Miner & CudoOS

You may select to have licensing instead of commission based fees.  This works out more cost effective for users with many devices and mining farms.  It is designed for where you want to use your own pools, miners and wallets.  These are based on per device licensing, a device is generally a Rig or ASIC.  For example a Rig can have 12 GPU’s, this is still just 1 licence.  Fees are as follows for Licensing:

No. of Devices  Standard Discount Monthly Price

  • 0                         0%                             $2.00
  • 50                      10%                            $1.80
  • 100                    20%                           $1.60
  • 250                    30%                           $1.40
  • 500                    40%                           $1.20
  • 1000                  50%                           $1.00

Conclusion 

The company has pretty good press coverage. Their management staff also has LinkedIn profiles which increases trust among the company’s customers and even the prospective customers. 

There are very few negative reviews about the company and the overall vibes are positive about them. Well, Cudo Miner’s profitability may be questionable but the company is legit. However, we still suggest that you do your own check if Cudo Miner is profitable for you or not. Profitability majorly depends upon what device you are using for mining crypto and what coin are you mining. 

Since you are not charged anything there is no reason not to give it a try and at the same time get your 5000 free Satoshi bonus.

Our verdict is that Cudo Miner is a legit company. 

Disclaimer: @hashant has no connection to the sites we performed reviews and has not invested in any of the sites we perform a review on and we will never endorse or recommend you to invest in any of this sites. A review is made to help you find a good site among the many. Still, there are no guarantees that the site will perform well over time or are truly legal.

You can ask us to make a review on a particular website. To do so please leave a comment and the site URL on our suggestion page.

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